India’s Budget2023 sidelines crypto, blockchain or CBDC: Experts believe there's more to it.
Pushpendra Singh, a tech entrepreneur and a blockchain influencer, believes the government is still waiting on the report from the committee it had formed earlier and said:
“The finance minister has not announced anything related to crypto tax because the government is waiting for the committee reports as per my understanding. The Indian government has made one committee to study crypto.” Sathvik Vishwanath, CEO and co-founder of Indian exchange Unocoin, told Cointelegraph that new income tax laws for crypto were triggered only 10 months ago; moreover, the TDS is being applied only for 7 months and thus the government need more time. He explained:
“The Indian government needs to have enough data for an extended period of time, say 1-2 full financial years, to analyze and make amendments as necessary. Hence no significant news was expected on the crypto industry anyway. We may expect some amendments in due course or during the next budget."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India 2023/24 budget raises capex spend to 10 trillion rupeesThe Indian government will spend 10 trillion rupees ($122.3 billion) on longer term capital expenditure in 2023/24, extending a strategy adopted to revive growth in the aftermath of the COVID crisis.
Read more »
India Keeps Restrictive Crypto Tax Rules In 2023 BudgetIndian Finance Minister nsitharaman has unveiled the 2023 budget for the nation without any change to the crypto tax rules. By amitoj.
Read more »
India's Budget 2023 highlightsIndia will focus on economic growth and job creation and cut down fiscal deficit, the Finance Minister said on Wednesday, presenting the government's last full budget in parliament before elections due next year.
Read more »
Exclusive: India economic survey likely to peg 2023-24 growth at slowest in three years - sourceIndia's annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source.
Read more »
See the top 10 vehicles sold at 2023 Barrett-Jackson on Saturday - Phoenix Business JournalFour automobiles sold for more than $1 million on Saturday at Barrett-Jackson's 2023 Scottsdale Auction, and one of them went for well over $2 million. Here's a look at the highlights from the big day.
Read more »